3 Things to Look for in a Vacation Home

by Del Fava | Parker 01/12/2020

Buying a vacation home is an important goal and milestone for many Americans who want to make the most of their holidays and plan for retirement.

Vacation properties needn’t be lavish or expensive to still be a perfect way to enjoy the winter months at your home away from home. Furthermore, owning a vacation home can prove to be an excellent financial asset that increases in value over time, as more people seek to scoop up properties in your area.

In today’s post, I’m going to talk about some of the most important things to look for in a vacation home to help you kick off your search. Whether you’re months away from buying a home or the idea of a second home is still a far-off dream, this article is for you.

1. Consider locations

The most important aspect of any vacation home is that it’s located in the perfect place for you to enjoy. Whether that’s a remote getaway in the mountains or a beachfront property in Florida, your plans for the home should be your number one priority.

If it’s your ultimate goal to retire and move into your vacation home someday, consider what it would be like living in that location full time. Is it close to amenities like grocery stores? Or, if you’re moving to a coastal area, will the traffic drive you crazy?

On the other hand, if you don’t intend to ever move into your vacation home full-time, it might be wiser to choose a location that will suit your family’s vacation needs while remaining a great asset to sell down the road.

2. Spend a week at your destination before buying

Some homeowners have a dream of buying a vacation home in a place they’ve always wanted to visit or have simply heard is a great place to own a vacation home in. The problem with this is that you might find, once you arrive, that you don’t want to spend several weeks or months there after all.

It might get too crowded during vacation season or you might decide that there isn’t enough to do that will keep you busy for extended stays.

To prevent buyer’s remorse, spend a week or two in your planned vacation home destination to make sure it really is the best spot for you.

3. If you plan on renting, know what to expect

Many Americans purchase a vacation home with the intention of renting it out while they aren’t using it to earn extra income. While this can be a great way to generate income, you will need to be prepared for becoming a landlord.

Look up local rental laws in the area to make sure you understand your responsibilities. Furthermore, understand that renting out a property part-time takes work; you’ll interact with prospective renters, filter out those that you think aren’t suited for your home, and handle problems with the property as they arrive.

If you keep these three things in mind, you should be able to find the perfect vacation home for you and your family.

About the Author
Author

Del Fava | Parker

  

Doug was born and raised in Sonoma County with over 40 years in the real estate business; a well-connected, down-to-earth “people” person; devotes a great deal of time to working with both buyers and sellers in person.

Shannon has many years in business organization and administration; with over 15 years in the real estate industry; strength is in marketing properties and follow-up; devotes a great deal of time to the “behind the scenes” logistic work.

As a team we represent two strong elements of personal contact and business effectiveness. We have perfected aggressive networking and marketing systems which attract clients locally, nationally and throughout the world. These elements are expected by consumers in today’s fast-paced, high tech, and competitive marketplace.

We have successfully represented buyers and sellers of luxury estate, ranch, vineyards, investment, commercial and residential properties throughout Sonoma, Napa, and Marin counties for over forty years. We have invested time and money to establish a long-term position in the real estate industry; emphasizing an honest, hard-working, straightforward business approach. We have developed a system of working together that offers our clients comprehensive and personalized service along with negotiating techniques that consistently result in a win/win situation for everyone.

Consistently recognized as industry leaders, we passionately believe that contributing time and expertise to the community has enhanced their continued success and recognition as experts within the real estate community.

At W Real Estate, our clients and their goals are our first priority, without compromise. Whether buying or selling, our network is far reaching, and we ensure each and every client is completely satisfied. This is our commitment to you and our community.

We not only work here, we live and play here. We are proud of our community, and we know it like no other--the people, the locations, what sets them apart. And this is what sets us apart.

W Real Estate is Sonoma County's top real estate brokerage, year after year. Our agents consistently rank in the top 1% of all agents in Sonoma County, and sell properties at a higher value than our competitors. When you hire a W Real Estate agent, you hire a team of exceptional real estate professionals. Not only will you receive the best real estate advice and outcome with your chose agent, but you will also benefit from a full-time marketing expert, a dedicated listing manager to coordinate the logistics of prepping and showing your home, and a highly skilled transaction coordinator to manage the complicated paperwork, just to name a few. We're here for you - all of us.